Rethinking Merger Analysis

Download Rethinking Merger Analysis PDF Online Free

Author :
Publisher : MIT Press
ISBN 13 : 0262379821
Total Pages : 269 pages
Book Rating : 4.2/5 (623 download)

DOWNLOAD NOW!


Book Synopsis Rethinking Merger Analysis by : Louis Kaplow

Download or read book Rethinking Merger Analysis written by Louis Kaplow and published by MIT Press. This book was released on 2024-11-05 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fundamental economic reconstruction of merger analysis to strengthen our ability to determine mergers’ likely effects and improve merger regulation. Why rethink merger analysis? Because methods employed throughout the world violate basic precepts of decision analysis and economics. Fundamental principles are underdeveloped, inhibiting research, policy formulation, and merger review. In Rethinking Merger Analysis, Louis Kaplow undertakes a foundational analysis of the questions central to understanding and regulating horizontal mergers and shows why many conventional practices need to be altered or replaced. On the empirical front, Kaplow offers insights, identifies shortcomings, and proposes extensions of existing research. Altogether, merger review can be greatly improved to better identify harmful mergers and avoid thwarting beneficial ones. The correct economic analysis of anticompetitive effects conflicts sharply with the reigning market definition paradigm. This protocol is more deeply flawed than appreciated, readily produces large errors, and can result in uncertainty bounds on challenge thresholds of two orders of magnitude. Merger efficiencies are underanalyzed because of the failure to draw on relevant disciplines and pertinent industry expertise. Postmerger entry’s role is mischaracterized in merger guidelines, and its direct welfare effects are ignored. Entry induced by the prospect of a subsequent buyout has until recently been disregarded. Proper assessment requires a dynamic framing that accounts for a merger regime’s influence on the creation and capabilities of new generations of startups that are central to economic dynamism. This book eschews advocacy and instead focuses on clear thinking—indeed, rethinking—about how to improve merger policy and assessment.

Mergers, Merger Control, and Remedies

Download Mergers, Merger Control, and Remedies PDF Online Free

Author :
Publisher : MIT Press
ISBN 13 : 0262028484
Total Pages : 283 pages
Book Rating : 4.2/5 (62 download)

DOWNLOAD NOW!


Book Synopsis Mergers, Merger Control, and Remedies by : John Kwoka

Download or read book Mergers, Merger Control, and Remedies written by John Kwoka and published by MIT Press. This book was released on 2015 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive analysis of merger outcomes based on all empirical studies, with an assessment of the effectiveness of antitrust policy toward mergers. In recent decades, antitrust investigations and cases targeting mergers—including those involving Google, Ticketmaster, and much of the domestic airline industry—have reshaped industries and changed business practices profoundly. And yet there has been a relative dearth of detailed evaluations of the effects of mergers and the effectiveness of merger policy. In this book, John Kwoka, a noted authority on industrial organization, examines all reliable empirical studies of the effect of specific mergers and develops entirely new information about the policies and remedies of antitrust agencies regarding these mergers. Combined with data on outcomes, this policy information enables analysis of, and creates new insights into, mergers, merger policies, and the effectiveness of remedies in preventing anticompetitive outcomes. After an overview of mergers, merger policy, and a common approach to merger analysis, Kwoka offers a detailed analysis of the studied mergers, relevant policies, and chosen remedies. Kwoka finds, first and foremost, that most of the studied mergers resulted in competitive harm, usually in the form of higher product prices but also with respect to various non-price outcomes. Other important findings include the fact that joint ventures and code sharing arrangements do not result in such harm and that policies intended to remedy mergers—especially conduct remedies—are not generally effective in restraining price increases. The book's uniquely comprehensive analysis advances our understanding of merger decisions and policies, suggests policy improvements for competition agencies and remedies, and points the way to future research.

Dissertation Abstracts International

Download Dissertation Abstracts International PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 596 pages
Book Rating : 4.F/5 ( download)

DOWNLOAD NOW!


Book Synopsis Dissertation Abstracts International by :

Download or read book Dissertation Abstracts International written by and published by . This book was released on 2005 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Bibliography of Economics

Download International Bibliography of Economics PDF Online Free

Author :
Publisher : Psychology Press
ISBN 13 : 9780415074612
Total Pages : 766 pages
Book Rating : 4.0/5 (746 download)

DOWNLOAD NOW!


Book Synopsis International Bibliography of Economics by : British Library of Political and Economic Science

Download or read book International Bibliography of Economics written by British Library of Political and Economic Science and published by Psychology Press. This book was released on 1993 with total page 766 pages. Available in PDF, EPUB and Kindle. Book excerpt: IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.

Critically Assess the Role of Efficiencies in Merger Assessment

Download Critically Assess the Role of Efficiencies in Merger Assessment PDF Online Free

Author :
Publisher : GRIN Verlag
ISBN 13 : 3656016674
Total Pages : 29 pages
Book Rating : 4.6/5 (56 download)

DOWNLOAD NOW!


Book Synopsis Critically Assess the Role of Efficiencies in Merger Assessment by : Veronika Minkova

Download or read book Critically Assess the Role of Efficiencies in Merger Assessment written by Veronika Minkova and published by GRIN Verlag. This book was released on 2011-12 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2011 in the subject Law - Civil / Private / Trade / Anti Trust Law / Business Law, grade: 1,3, University of Reading, course: European Competition Law, language: English, abstract: The first section of the present essay discusses historically the European Commission's approach towards efficiencies. The second section elaborates on the choice of welfare standards and explains the European approach of adopting the consumer welfare standard. The third section outlines types of efficiencies according to the economic literature. The fourth section discusses the three cumulative conditions of the European Commission in order to consider efficiency claims. The next section reveals the Commission decisional practice in cases of efficiency claims and analyses its development. In the last chapter more attention is paid to theory and practice of efficiencies in cases of non-horizontal mergers.

Creating Value From Mergers And Acquisitions

Download Creating Value From Mergers And Acquisitions PDF Online Free

Author :
Publisher : Pearson Education India
ISBN 13 : 9788177588705
Total Pages : 622 pages
Book Rating : 4.5/5 (887 download)

DOWNLOAD NOW!


Book Synopsis Creating Value From Mergers And Acquisitions by : Sudarsanam

Download or read book Creating Value From Mergers And Acquisitions written by Sudarsanam and published by Pearson Education India. This book was released on 2003-09 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The European Commission of the Twenty-First Century

Download The European Commission of the Twenty-First Century PDF Online Free

Author :
Publisher : Oxford University Press
ISBN 13 : 0199599521
Total Pages : 400 pages
Book Rating : 4.1/5 (995 download)

DOWNLOAD NOW!


Book Synopsis The European Commission of the Twenty-First Century by : Hussein Kassim

Download or read book The European Commission of the Twenty-First Century written by Hussein Kassim and published by Oxford University Press. This book was released on 2013-06-27 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Co-authored by an international team of researchers and drawing on interviews with senior officials, The European Commission of the Twenty-First Century tests, challenges and refutes many widely held myths about the Commission and the people who work for it.

Demand Elasticities in Antitrust Analysis

Download Demand Elasticities in Antitrust Analysis PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.F/5 ( download)

DOWNLOAD NOW!


Book Synopsis Demand Elasticities in Antitrust Analysis by : Gregory Werden

Download or read book Demand Elasticities in Antitrust Analysis written by Gregory Werden and published by . This book was released on 1996 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

European Merger Control

Download European Merger Control PDF Online Free

Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 9781845424916
Total Pages : 0 pages
Book Rating : 4.4/5 (249 download)

DOWNLOAD NOW!


Book Synopsis European Merger Control by : F. Ilzkovitz

Download or read book European Merger Control written by F. Ilzkovitz and published by Edward Elgar Publishing. This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: During its first 15 years, the EU's merger control system offered only minimal possibilities for taking efficiency gains into account as a mitigating factor that might offset the anti-competitive effects of a merger. The policy changed in May 2004 and this book examines the background to that change.

Lectures on Antitrust Economics

Download Lectures on Antitrust Economics PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 272 pages
Book Rating : 4.:/5 (321 download)

DOWNLOAD NOW!


Book Synopsis Lectures on Antitrust Economics by : Michael Dennis Whinston

Download or read book Lectures on Antitrust Economics written by Michael Dennis Whinston and published by . This book was released on 2006 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Antitrust law regulates economic activity but differs in its operation from what is traditionally considered "regulation." Where regulation is often industry-specific and involves the direct setting of prices, product characteristics, or entry, antitrust law focuses more broadly on maintaining certain basic rules of competition. In these lectures Michael Whinston offers an accessible and lucid account of the economics behind antitrust law, looking at some of the most recent developments in antitrust economics and highlighting areas that require further research. He focuses on three areas: price fixing, in which competitors agree to restrict output or raise price; horizontal mergers, in which competitors agree to merge their operations; and exclusionary vertical contracts, in which a competitor seeks to exclude a rival. Antitrust commentators widely regard the prohibition on price fixing as the most settled and economically sound area of antitrust. Whinston's discussion seeks to unsettle this view, suggesting that some fundamental issues in this area are, in fact, not well understood. In his discussion of horizontal mergers, Whinston describes the substantial advances in recent theoretical and empirical work and suggests fruitful directions for further research. The complex area of exclusionary vertical contracts is perhaps the most controversial in antitrust. The influential "Chicago School" cast doubt on arguments that vertical contracts could be profitably used to exclude rivals. Recent theoretical work, to which Whinston has made important contributions, instead shows that such contracts can be profitable tools for exclusion. Whinston's discussion sheds light on the controversy in this area and the nature of those recent theoretical contributions. Sponsored by the Universidad Torcuato Di Tella

Bank Mergers & Acquisitions

Download Bank Mergers & Acquisitions PDF Online Free

Author :
Publisher : Springer Science & Business Media
ISBN 13 : 9780792399759
Total Pages : 268 pages
Book Rating : 4.3/5 (997 download)

DOWNLOAD NOW!


Book Synopsis Bank Mergers & Acquisitions by : Yakov Amihud

Download or read book Bank Mergers & Acquisitions written by Yakov Amihud and published by Springer Science & Business Media. This book was released on 1998-02-28 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the financial services industry becomes increasingly international, the more narrowly defined and historically protected national financial markets become less significant. Consequently, financial institutions must achieve a critical size in order to compete. Bank Mergers & Acquisitions analyses the major issues associated with the large wave of bank mergers and acquisitions in the 1990's. While the effects of these changes have been most pronounced in the commercial banking industry, they also have a profound impact on other financial institutions: insurance firms, investment banks, and institutional investors. Bank Mergers & Acquisitions is divided into three major sections: A general and theoretical background to the topic of bank mergers and acquisitions; the effect of bank mergers on efficiency and shareholders' wealth; and regulatory and legal issues associated with mergers of financial institutions. It brings together contributions from leading scholars and high-level practitioners in economics, finance and law.

Approaches to Class Analysis

Download Approaches to Class Analysis PDF Online Free

Author :
Publisher : Cambridge University Press
ISBN 13 : 9781139444460
Total Pages : 232 pages
Book Rating : 4.4/5 (444 download)

DOWNLOAD NOW!


Book Synopsis Approaches to Class Analysis by : Erik Olin Wright

Download or read book Approaches to Class Analysis written by Erik Olin Wright and published by Cambridge University Press. This book was released on 2005-07-01 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few themes have been as central to sociology as 'class' and yet class remains a perpetually contested idea. Sociologists disagree not only on how best to define the concept of class but on its general role in social theory and indeed on its continued relevance to the sociological analysis of contemporary society. Some people believe that classes have largely dissolved in contemporary societies; others believe class remains one of the fundamental forms of social inequality and social power. Some see class as a narrow economic phenomenon whilst others adopt an expansive conception that includes cultural dimensions as well as economic conditions. This 2005 book explores the theoretical foundations of six major perspectives of class with each chapter written by an expert in the field. It concludes with a conceptual map of these alternative approaches by posing the question: 'If class is the answer, what is the question?'

Contemporary Bayesian Econometrics and Statistics

Download Contemporary Bayesian Econometrics and Statistics PDF Online Free

Author :
Publisher : John Wiley & Sons
ISBN 13 : 0471744727
Total Pages : 322 pages
Book Rating : 4.4/5 (717 download)

DOWNLOAD NOW!


Book Synopsis Contemporary Bayesian Econometrics and Statistics by : John Geweke

Download or read book Contemporary Bayesian Econometrics and Statistics written by John Geweke and published by John Wiley & Sons. This book was released on 2005-10-03 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tools to improve decision making in an imperfect world This publication provides readers with a thorough understanding of Bayesian analysis that is grounded in the theory of inference and optimal decision making. Contemporary Bayesian Econometrics and Statistics provides readers with state-of-the-art simulation methods and models that are used to solve complex real-world problems. Armed with a strong foundation in both theory and practical problem-solving tools, readers discover how to optimize decision making when faced with problems that involve limited or imperfect data. The book begins by examining the theoretical and mathematical foundations of Bayesian statistics to help readers understand how and why it is used in problem solving. The author then describes how modern simulation methods make Bayesian approaches practical using widely available mathematical applications software. In addition, the author details how models can be applied to specific problems, including: * Linear models and policy choices * Modeling with latent variables and missing data * Time series models and prediction * Comparison and evaluation of models The publication has been developed and fine- tuned through a decade of classroom experience, and readers will find the author's approach very engaging and accessible. There are nearly 200 examples and exercises to help readers see how effective use of Bayesian statistics enables them to make optimal decisions. MATLAB? and R computer programs are integrated throughout the book. An accompanying Web site provides readers with computer code for many examples and datasets. This publication is tailored for research professionals who use econometrics and similar statistical methods in their work. With its emphasis on practical problem solving and extensive use of examples and exercises, this is also an excellent textbook for graduate-level students in a broad range of fields, including economics, statistics, the social sciences, business, and public policy.

Economic Papers

Download Economic Papers PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 414 pages
Book Rating : 4.:/5 (318 download)

DOWNLOAD NOW!


Book Synopsis Economic Papers by :

Download or read book Economic Papers written by and published by . This book was released on 1997 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Firm Innovation and Productivity in Latin America and the Caribbean

Download Firm Innovation and Productivity in Latin America and the Caribbean PDF Online Free

Author :
Publisher : Springer
ISBN 13 : 1349581518
Total Pages : 366 pages
Book Rating : 4.3/5 (495 download)

DOWNLOAD NOW!


Book Synopsis Firm Innovation and Productivity in Latin America and the Caribbean by : Inter-American Development Bank

Download or read book Firm Innovation and Productivity in Latin America and the Caribbean written by Inter-American Development Bank and published by Springer. This book was released on 2016-07-01 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume uses the study of firm dynamics to investigate the factors preventing faster productivity growth in Latin America and the Caribbean, pushing past the limits of traditional macroeconomic analyses. Each chapter is dedicated to an examination of a different factor affecting firm productivity - innovation, ICT usage, on-the-job-training, firm age, access to credit, and international linkages - highlighting the differences in firm characteristics, behaviors, and strategies. By showcasing this remarkable heterogeneity, this collection challenges regional policymakers to look beyond one-size-fits-all solutions and create balanced policy mixes tailored to distinct firm needs. This book is open access under a CC BY-NC-ND 3.0 IGO license.

The Academy of Management Annals

Download The Academy of Management Annals PDF Online Free

Author :
Publisher : Taylor & Francis
ISBN 13 : 080586220X
Total Pages : 750 pages
Book Rating : 4.8/5 (58 download)

DOWNLOAD NOW!


Book Synopsis The Academy of Management Annals by : James P. Walsh

Download or read book The Academy of Management Annals written by James P. Walsh and published by Taylor & Francis. This book was released on 2007 with total page 750 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Academy of Management is proud to announce the inaugural volume of The Academy of Management Annals. This exciting new series follows one guiding principle: The advancement of knowledge is possible only by conducting a thorough examination of what is known and unknown in a given field. Such assessments can be accomplished through comprehensive, critical reviews of the literature--crafted by informed scholars who determine when a line of inquiry has gone astray, and how to steer the research back onto the proper path. The Academy of Management Annals provide just such essential reviews. Written by leading management scholars, the reviews are invaluable for ensuring the timeliness of advanced courses, for designing new investigative approaches, and for identifying faulty methodological or conceptual assumptions. The Annals strive each year to synthesize a vast array of primary research, recognizing past principal contributions while illuminating potential future avenues of inquiry. Volume 1 of the Annals explores a wide spectrum of research: corporate control; nonstandard employment; critical management; physical work environments; public administration team learning; emotions in organizations; leadership and health care; creativity at work; business and the environment; and bias in performance appraisals. Ultimately, academic scholars in management and allied fields (e.g., sociology of organizations and organizational psychology) will see The Academy of Management Annals as a valuable resource to turn to for comprehensive, up-to-date information--published in a single volume every year by the preeminent association for management research.

Antitrust Law

Download Antitrust Law PDF Online Free

Author :
Publisher :
ISBN 13 : 9780735529564
Total Pages : pages
Book Rating : 4.5/5 (295 download)

DOWNLOAD NOW!


Book Synopsis Antitrust Law by : Phillip Areeda

Download or read book Antitrust Law written by Phillip Areeda and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: